Duplex with Finished
For Sale
$1,680,000
Pending
2008 125th Street, College Point, NY 11356
The upper-floor unit features a renovated kitchen, refreshed flooring, and newer windows.
Property Size2,200 SF
Days on Market9
Property Features for 2008 125th Street
General Information
Standard status
Pending
Size
2,200 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R4A
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$10,510
Amenities
Finished
Hardwood
4
No
Yes
6
Double Pane Windows
First Floor Bedroom,First Floor Full Bath
Public
Driveway, Garage
2200
Building Details
Building Size
2,200 SF
Year Built
1981
Buildings
1
Stories
2
Construction
brick
Listing Agency:
(516) 703-2918
Listed By:
Noman Basit
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Noman Basit
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Investment Insights
Based on property information with market context.
This 2,200-square-foot brick duplex was built in 1981 and occupies an R4A-zoned lot. The first-floor residence has three bedrooms and two bathrooms, with a finished basement adding usable interior space. The upper unit has a renovated kitchen, updated flooring, and newer windows. A two-car garage is also included.
The property is near College Point’s 20th Avenue shopping corridor, with BJ’s, Target, ShopRite, banks, supermarkets, restaurants, and schools in the surrounding area. I-678 connects to I-495, and the Whitestone Bridge is a short drive away.
The property is near College Point’s 20th Avenue shopping corridor, with BJ’s, Target, ShopRite, banks, supermarkets, restaurants, and schools in the surrounding area. I-678 connects to I-495, and the Whitestone Bridge is a short drive away.
Key Highlights
- 2,200‑square‑foot brick duplex built in 1981
- R4A‑zoned lot
- First‑floor layout includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,778
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,560
$1.1M
Cap Rate 7%
$768,257
$768.3K
Cap Rate 9%
$597,533
$597.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$101.6K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$97.8K $44.44/SF
− OpEx
−$44.0K −$20.00/SF
NOI
$53.8K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,560
Cap Rate 7%
$768,257
Cap Rate 9%
$597,533
Alternative Uses
Best Use
Apartment 5plus
$768.3K
$672.2K – $896.3K
NOI $53,778 @ 7.0% cap · market cap 3.20%
Second Best
Multifamily LT 5
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,531 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,773
Businesses Nearby
Explore this area
Business Placement
Demographics for 11356, NY
28,310
Population
9,003
Households
3.1
Avg Household Size
37
Median Age
25%
College-Educated
78%
High-School Grad
1.6 sq mi
ZIP Area
17,694
Density / Sq Mi
$91,445
Median Household Income
$40,928
Median Earnings
$2,160
Median Rent
$893,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The upper-floor unit features a renovated kitchen, refreshed flooring, and newer windows.
Where is this duplex located?
The property is located at 2008 125th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: 2,200‑square‑foot brick duplex built in 1981; R4A‑zoned lot; First‑floor layout includes 3 bedrooms and 2 bathrooms
